Anzu Partners Updates Nuburu Stake
Ticker: BURUW · Form: SC 13D/A · Filed: Nov 25, 2024 · CIK: 1814215
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: NBR
TL;DR
Anzu Partners just updated their Nuburu filing - ownership change incoming.
AI Summary
On November 25, 2024, David Seldin and several affiliated entities, including Anzu Partners LLC, filed an amendment to their Schedule 13D for Nuburu, Inc. This filing indicates a change in beneficial ownership of the company's common stock. The specific percentage of ownership and any new dollar amounts are not detailed in this excerpt, but the filing signifies an update to their stake in Nuburu, Inc.
Why It Matters
This filing signals a potential shift in control or influence for Nuburu, Inc., as significant shareholders update their beneficial ownership disclosures.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts by major investors, potentially impacting stock price and corporate control.
Key Players & Entities
- Nuburu, Inc. (company) — Subject Company
- David Seldin (person) — Filing Person
- Anzu Partners LLC (company) — Filing Person
- Anzu Nuburu LLC (company) — Filing Person
- Anzu Nuburu II LLC (company) — Filing Person
- Anzu Nuburu III LLC (company) — Filing Person
- Anzu Nuburu V LLC (company) — Filing Person
- CST Global LLC (company) — Filing Person
- David & Jennifer Michael Family Ltd Partnership (company) — Group Member
- Debrah Herman (person) — Group Member
FAQ
What is the specific change in beneficial ownership being reported by David Seldin and his affiliated entities for Nuburu, Inc.?
The provided excerpt does not specify the exact percentage or number of shares that constitute the change in beneficial ownership, only that an amendment to Schedule 13D has been filed.
When was this amendment to the Schedule 13D filed with the SEC?
This amendment was filed on November 25, 2024.
Who are the primary filing persons associated with this Schedule 13D amendment?
The primary filing persons include David Seldin and several Anzu entities: Anzu Partners LLC, Anzu Nuburu LLC, Anzu Nuburu II LLC, Anzu Nuburu III LLC, Anzu Nuburu V LLC, and CST Global LLC.
What is the CUSIP number for Nuburu, Inc. common stock?
The CUSIP number for Nuburu, Inc. common stock is 67021W103.
What was Nuburu, Inc.'s former company name before its name change?
Nuburu, Inc. was formerly known as Tailwind Acquisition Corp. before its name change on June 4, 2020.
Filing Stats: 4,920 words · 20 min read · ~16 pages · Grade level 15.9 · Accepted 2024-11-25 20:59:19
Key Financial Figures
- $0.0001 — ame of Issuer) Common stock, par value $0.0001 per share (Title of Class of Securitie
- $0.25 — rsion Price (as defined below) equal to $0.25 divided by $5.00, which represents the
- $5 — efined below) equal to $0.25 divided by $5.00, which represents the maximum number
- $11.50 — tstanding) divided by the lesser of (i) $11.50 and (ii) the greater of (x) 115% of the
- $0.0172 — f Common Stock at a conversion price of $0.0172 (as adjusted to reflect the Reverse Sto
- $5.00 — arrants have an exercise price equal to $5.00 per share (as adjusted to reflect the R
Filing Documents
- ef20039199_sc13da.htm (SC 13D/A) — 306KB
- 0001140361-24-047825.txt ( ) — 307KB
of the Schedule 13D is amended and supplemented to include the following disclosure at the end of the Item
Item 4 of the Schedule 13D is amended and supplemented to include the following disclosure at the end of the Item: On November 21, 2024, Anzu Nuburu V made a pro-rata in-kind distribution to its members for no additional consideration of an aggregate of 133,024 shares of Common Stock. Of the shares of Common Stock distributed by Anzu Nuburu V, Mr. Seldin received 33,036 shares and CST Global LLC received 21,645 shares. On November 21, 2024, Anzu Nuburu II made a pro-rata in-kind distribution to its members for no additional consideration of an aggregate of 24,314 shares of Common Stock. Of the shares of Common Stock distributed by Anzu Nuburu II, Mr. Haring-Smith received 1,434 shares, Mr. Seldin received 7,285 shares and CST Global LLC received 618 shares. On November 21, 2024, Anzu Nuburu III made a pro-rata in-kind distribution to its members for no additional consideration of an aggregate of 19,979 shares of Common Stock. Of the shares of Common Stock distributed by Anzu Nuburu III, Mr. Haring-Smith received 747 shares, Mr. Seldin received 6,541 shares and CST Global LLC received 497 shares. CUSIP No. 67021W103 On November 21, 2024, Anzu Nuburu made a pro-rata in-kind distribution to its members for no additional consideration of an aggregate of 52,862 shares of Common Stock. Of the shares of Common Stock distributed by Anzu Nuburu, Mr. Haring-Smith received 3,210 shares, Mr. Seldin received 14,223 shares and CST Global LLC received 2,784 shares. Item 5. Interest in Securities of the Issuer. The information set forth in paragraphs (a) - (c) of Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety by the following. (a) - (b) The percentage of beneficial ownership reported by each Reporting Person in this Schedule 13D is based on an aggregate of 18,686,931 shares of Common Stock outstanding as of November 8, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on November 14, 2024, and any share